Asia: Market for Machines For The Manufacture Of Flat Panel Displays 2022

Market Size for Machines For The Manufacture Of Flat Panel Displays in Asia

For the third year in a row, the Asian panel display manufacturing machine market recorded growth in sales value, which increased by 168% to $X in 2021. In general, consumption enjoyed a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Machines For The Manufacture Of Flat Panel Displays in Asia

In value terms, panel display manufacturing machine production amounted to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 11%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports in Asia

In 2021, overseas shipments of machines for the manufacture of flat panel displays decreased by -11.5% to X units, falling for the third year in a row after two years of growth. Overall, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 136% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, panel display manufacturing machine exports contracted sharply to $X in 2021. In general, exports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 53%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Japan (X units) was the main exporter of machines for the manufacture of flat panel displays, mixing up 51% of total exports. Taiwan (Chinese) (X units) held a 23% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (19%) and China (6.5%).

Exports from Japan increased at an average annual rate of +8.0% from 2012 to 2021. At the same time, China (+22.7%), Taiwan (Chinese) (+20.2%) and South Korea (+10.6%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing exporter exported in Asia, with a CAGR of +22.7% from 2012-2021. From 2012 to 2021, the share of Taiwan (Chinese) and China increased by +12 and +3.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest panel display manufacturing machine supplying countries in Asia were Japan ($X), South Korea ($X) and Taiwan (Chinese) ($X), with a combined 97% share of total exports.

South Korea, with a CAGR of +22.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, waning by -8.4% against the previous year. Over the period under review, the export price recorded a mild decrease. The pace of growth appeared the most rapid in 2016 when the export price increased by 62%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+11.0%), while the other leaders experienced a decline in the export price figures.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports in Asia

In 2021, imports of machines for the manufacture of flat panel displays in Asia skyrocketed to X units, rising by 107% compared with the previous year. Overall, imports showed a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 126%. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, panel display manufacturing machine imports declined notably to $X in 2021. In general, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 46%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China dominates imports structure, finishing at X units, which was near 80% of total imports in 2021. It was distantly followed by Vietnam (X units) and South Korea (X units), together generating an 11% share of total imports. Taiwan (Chinese) (X units) and Turkmenistan (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the machines for the manufacture of flat panel displays imports, with a CAGR of +47.6% from 2012 to 2021. At the same time, Vietnam (+38.4%) and Turkmenistan (+25.4%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (-4.0%) and South Korea (-12.5%) illustrated a downward trend over the same period. China (+72 p.p.) and Vietnam (+4.7 p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese) and South Korea saw its share reduced by -14% and -50.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported machines for the manufacture of flat panel displays in Asia, comprising 90% of total imports. The second position in the ranking was taken by South Korea ($X), with a 3.6% share of total imports. It was followed by Taiwan (Chinese), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +16.1%. In the other countries, the average annual rates were as follows: South Korea (-11.4% per year) and Taiwan (Chinese) (-5.0% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, falling by -60.8% against the previous year. Over the period under review, the import price showed a pronounced setback. The growth pace was the most rapid in 2018 an increase of 217% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while Turkmenistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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